| | | GSE Executives Left to Bail Out Without Parachutes | | | Mon, 15 Sep 2008 10:44:43 EST
The public and specifically the two companies' shareholders who have little hope of recouping any of their investment, were not happy when it was revealed last week that Daniel Mudd, former CEO and Richard Syron who had been removed from the same position with the seizure of Freddie Mac, would receive severance packages estimated at $6 to $8 million for Mudd, and Syron, through a clause added to his contract in July when a possible federal takeover was first discussed, might have received as much as $15 million.
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| CNBC Videos 9/15/2008 11:27:50 AM President George W. Bush addresses the historic changes on Wall Street. |
| CNBC Videos 9/15/2008 11:58:42 AM A look inside the new king of Wall Street, with CNBC's Michelle Caruso-Cabrera |
| CNBC Videos 9/15/2008 12:04:59 PM Discussing how long the two big financials will live independently, with Joseph LaVorgna, Deutsche Bank; Len Blum, Westwood Capital and Dennis Gartman, The Gartman Letter |
| CNBC Videos 9/15/2008 12:13:26 PM Discussing whether the Fed did enough to help the failing financials, with Vincent Reinhart, American Enterprise Institute; Joseph LaVorgna, Deutsche Bank and CNBC's Steve Liesman |
| CNBC Videos 9/15/2008 12:15:29 PM More insight on whether Wall Street should change the way it pays employees, with Dan Pedrotty, AFL-CIO; Joe Lavorgna, Deutsche Bank and Brian Foley, executive compensation expert |
| CNBC Videos 9/15/2008 11:04:18 AM Bank of America CEO Ken Lewis and Merrill Lynch CEO John Thain discuss Bank of America's plan to buy Merrill Lynch. |
| CNBC Videos 9/15/2008 10:12:47 AM Insight on Lehman's future and who AIG is in talks with. Details with CNBC's David Faber |
| CNBC Videos 9/15/2008 5:30:11 AM "There wasn't any extraordinary build up in short selling over the last week, on any of the banks," Julian Pittam from Data Explorers, told CNBC after the bankruptcy filling of Lehman Brothers Sunday. |
| CNBC Videos 9/15/2008 6:14:32 AM AIG looks for a $40B bridge loan from the Fed, reports CNBC's Mary Thompson |
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